In an exclusive interview with Insider, “Shark Tank” investor Kevin O’Leary explained his strategy for investing in the nascent digital landscape. O’Leary said he applies his decades of experience as an index and stock investor to his crypto and metaverse portfolio. He also said he sees bitcoin, solana, and other cryptocurrencies as software and not… Continue reading Shark Tank’s Kevin O’Leary breaks down his crypto portfolio and explains how his metaverse bets are based on the economics of Web3
Europe is banning imports of Russian coal, but has stopped short of banning oil and gas. Here are 3 charts to explain why.
The EU announced sanctions on Russian coal imports Wednesday, its first ban on fossil fuels. Fossil fuels accounted for 62% of the EU’s imports from Russia in 2021, or 98.9 billion euros’ worth. As more EU members call for an outright ban on fossil fuels from Russia, here’s a look at where the bloc gets… Continue reading Europe is banning imports of Russian coal, but has stopped short of banning oil and gas. Here are 3 charts to explain why.
Russia partially pulls back emergency interest rate hike as the ruble rebounds and foreign-exchange reserves grow
Russia’s central bank lowered its key interest rate to 17% from 20% after an unscheduled meeting Friday. Policymakers cited a slowdown in inflation, helped by the ruble’s recovery. The ruble has stabilized to pre-invasion levels, but strict capital controls remain in place. Loading Something is loading. The Russian central bank trimmed its benchmark interest rate… Continue reading Russia partially pulls back emergency interest rate hike as the ruble rebounds and foreign-exchange reserves grow
US stocks trade mixed as Fed fears and war in Ukraine push indexes toward a losing week
US stocks were mixed at the open on Friday as investors digest signals from the Federal Reserve. The S&P 500 is on pace for a losing week, and its worst weekly performance in a month. Markets continue to monitor developments in Ukraine, as well as signals from the central bank. Loading Something is loading. US… Continue reading US stocks trade mixed as Fed fears and war in Ukraine push indexes toward a losing week
When Can You Claim a Tax Deduction for Health Insurance?
We all know how expensive healthcare can be, so being able to claim a tax deduction for some of your insurance costs can help you save come tax time. Since there are specific rules and qualifications you must follow, here’s an overview of when you can and cannot claim a deduction on your health insurance.… Continue reading When Can You Claim a Tax Deduction for Health Insurance?
Where’s My Tax Refund? The IRS Refund Timetable Explained
Key Takeaways • When you e-file, it typically takes 24 to 48 hours for the IRS to accept your return. • Once your return is accepted, you are on the IRS’ refund timetable. • The IRS typically issues refunds in less than 21 days. • You can use the IRS Where’s My Refund? tool or… Continue reading Where’s My Tax Refund? The IRS Refund Timetable Explained
Guide to Unemployment and Taxes
Key Takeaways • The IRS and some states consider unemployment compensation to be taxable income, which you must report on your federal tax return. • The amount of compensation to report will be located in Box 1 of Form 1099-G “Certain Government Payments,” which your state unemployment division will issue to you. Keep this form… Continue reading Guide to Unemployment and Taxes
NFT Tax Tips for Investors and Creators
The NFT marketplace exploded in 2021, generating over $23 billion in trading volume, according to blockchain analytics company DappRadar. That total was up from less than $100 million in the year prior. And while the market has lost momentum, the IRS just cares if you made money or not. In the video above, Lisa Greene-Lewis,… Continue reading NFT Tax Tips for Investors and Creators
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